DSP Group CEO Ofer Elyakim Buys 1,000 Shares (DSPG)
DSP Group (NASDAQ:DSPG) CEO Ofer Elyakim acquired 1,000 shares of the stock in a transaction dated Monday, May 5th. The stock was purchased at an average cost of $8.26 per share, with a total value of $8,260.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,510 shares in the company, valued at approximately $326,353. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of DSP Group (NASDAQ:DSPG) traded up 0.12% on Wednesday, hitting $8.28. The stock had a trading volume of 110,832 shares. DSP Group has a 1-year low of $6.30 and a 1-year high of $10.32. The stock’s 50-day moving average is $8.54 and its 200-day moving average is $8.72. The company has a market cap of $185.3 million and a P/E ratio of 359.57.
DSP Group (NASDAQ:DSPG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.04. During the same quarter in the prior year, the company posted $0.06 earnings per share. Analysts expect that DSP Group will post $0.06 EPS for the current fiscal year.
Separately, analysts at Dougherty & Co initiated coverage on shares of DSP Group in a research note on Tuesday, March 4th. They set a “buy” rating and a $12.50 price target on the stock.
DSP Group, Inc is a global provider of wireless chipset solutions for converged communications at home and office.
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